Pinduoduo Sees Number of Active Merchants Surge 69% to Record 8.6 Million

(Source: Sohu)

Yu Bencheng’s family business in Yantai, China, exports more than 1,000 tons of pears annually. So when the export trade ground to a sudden halt in 2019, Yu had the arduous task of selling a year’s worth of pears before they went bad.

They first tried the wholesalers in Harbin and Beijing, but they offered to buy the fruits at a third of t…